Shock: Just 53% Say Capitalism Better Than Socialism

In a twisted poll of American adults, a mere 53% say definitively that capitalism is better than socialism. On the one hand this shocks me. However, on the other it simply shows what happens when the media is liberal controlled and people are hammered everyday about the “greed” and injustice of capitalism instead of the countless positive things capitalism brings.

Only 53% of American adults believe capitalism is better than socialism.

The latest Rasmussen Reports national telephone survey found that 20% disagree and say socialism is better. Twenty-seven percent (27%) are not sure which is better.

Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided. Thirty-somethings are a bit more supportive of the free-enterprise approach with 49% for capitalism and 26% for socialism. Adults over 40 strongly favor capitalism, and just 13% of those older Americans believe socialism is better.

Investors by a 5-to-1 margin choose capitalism. As for those who do not invest, 40% say capitalism is better while 25% prefer socialism.

There is a partisan gap as well. Republicans – by an 11-to-1 margin – favor capitalism. Democrats are much more closely divided: Just 39% say capitalism is better while 30% prefer socialism. As for those not affiliated with either major political party, 48% say capitalism is best, and 21% opt for socialism.

The question posed by Rasmussen Reports did not define either capitalism or socialism.

It’s key that the question did not define them, simply asked people about them. I’m betting that half the population doesn’t even comprehend what socialism is or what it means. Here’s a quick lesson, think USSR and Hugo Chavez where industry is state-owned, wealth is destroyed and personal liberty is non-existent.

Socialism is a failed form of government which fails every time it’s tried. Capitalism is what has made America exceptional in wealth, freedom and opportunity.